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What's the Buzz: on the Green Music Center
What is the status of the Green Music Center project?
How much money has been pledged so far?
See list below.
(Financial Data as of September 30, 2001. Source: SSU Academic Foundation Accounting System)
ESTIMATED FUND SOURCES, PHASES 1 & 2
Phase 1 = Concert Hall
Phase 2 = Recital Hall and Administrative Wing
External Donations as of Sep 30, 2001
$15,077,000
Pledges through Dec 31, 2006
$4,396,000
Allowance for Unrealized Pledges
-$88,000
Interest through Construction
$1,216,000
TOTAL FUND SOURCES AS OF 9/30/01*
$20,601,000
* 7 charitable remainder trust totaling $7,479,000 have also been committed.
----------------------------
ESTIMATED FUND USES, Phases 1 & 2
Phase 1 = Concert Hall
Phase 2 = Recital Hall and Administrative Wing
Construction & Group 1 Equipment
$29,825,000 (Phase 1)
$8,593,000 (Phase 2)
$38,418,000 (Total)
Design Fees
$5,272,000 (Phase 1)
$200,000 (Phase 2)
$5,472,000 (Total)
Contingency
$1,423,000 (Phase 1)
$560,000 (Phase 2)
$1,983,000 (Total)
Pre-Project Expenses
$843,000 (Phase 1)
0 (Phase 2)
$843,000 (Total)
Capital Campaign Costs
$500,000 (Phase 1)
$250,000 (Phase 2)
$750,000 (Total)
Risk Management
$569,000 (Phase 1)
$165,000 (Phase 2)
$734,000 (Total)
Testing & inspections
$436,000 (Phase 1)
$150,000 (Phase 2)
$586,000 (Total)
TOTAL ESTIMATED FUND USES
$38,868,000 (Phase 1)
$9,918,000 (Phase 2)
$48,786,000 (Phases 1 & 2)
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FUNDRAISING REQUIRED
$18,267,000 (Phase 1)
$9,918,000 (Phase 2)
$28,185,000 (Phases 1 & 2)
Where has the amount raised so far come from?
Donations and pledges to the Green Music Center project have
been received from individuals, corporations and other
not-for-profit agencies. For a representative listing of the
various types of donors see
http://musiccenter.sonoma.edu/donors.htm.
What is Sonoma State University's role in this
project?
Sonoma State University and the California State
University System have overall authority and responsibility
for the project. This project has been fully presented and
approved by the Trustees of the CSU. Please refer to
http://www.calstate.edu/BOT/Agendas/May00/CPBG.pdf
for the campus presentation to the Board of Trustees and to
http://www.calstate.edu/BOT/Resolutions/May2000.pdf
for Board of Trustees Resolution RCPBG 05-10-00 approving
the project.
Two of Sonoma State University Auxiliary Corporations are playing major roles in the Green Music Center Project. These auxiliaries are public service, not-for-profit corporations that have been designated by the IRS as organizations exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. The Sonoma State University Academic Foundation, Inc. (SSUAF) serves as the legal entity that is receiving and investing donations given to benefit SSU activities. The Sonoma State Enterprises, Inc. (SSE) serves the SSU community by providing a campus bookstore, food service venues, and other related commercial type operations.
To facilitate the design and construction of the Green Music Center, SSU has designated SSE as the contractor of record. SSUAF is the recipient of all donations made to GMC. The SSUAF reimburses the SSE as expenditures are made.
How much money has SSU contributed?
The Green Music Center Construction project is financed
by fundraising efforts. Please see the list above.
How much will SSU spend on this project?
The Green Music Center construction project is financed
by fundraising efforts. See the list above.
How much did SSU spend on acquiring the land on which
the north parking lot will sit?
The University has acquired land to expand student
parking capacity mandated by projected enrollment growth.
While this project is technically independent of the Green
Music Center, the University has chosen to locate the
parking lot adjacent to the Green Music Center so it can
serve dual purposes. In addition to providing more parking
for our students, it also will provide parking for visitors
to the Green Music Center and other campus facilities. Land
costs associated with the parking expansion mandated by
student enrollment growth approximate $3,451,565.
What operating costs are being anticipated?
A specific annual operating budget for the Green Music
Center has not yet been formalized since the nature of the
specific instructional and performance program is still
being developed. However, the University does anticipate
annual expenses in the following areas:
¥ Facilities Management including maintenance, custodial,
and landscape services
¥ Utilities
¥ Direct Instruction and Academic Support
¥ Programming
¥ Marketing and Fundraising
¥ Box Office Support and Audience Services
¥ Administrative Support
How will these be covered?
The University is actively exploring potential fund
sources for annual operating costs. The following strategies
are being analyzed:
Historically, the California State University has provided campuses with resources to support facilities management and utility costs associated with new University buildings. The University is hopeful that the Green Music Center will be able to utilize this fund source for facilities and utility costs.
As part of the University's projected enrollment growth, new resources for direct instruction and academic support are anticipated from the CSU budget. It is likely that a portion of these dollars will be allocated to the School of Arts and Humanities and its Center for Performing Arts which will operate the academic component of the Green Music Center.
Ticket revenue for events held at the Green Music Center, combined with corporate sponsorships are primary revenue sources for programming expenses.
Various fees built into each ticket price combined with annual revenue received from rental of the facility to outside organizations, annual revenue from the Santa Rosa Symphony, annual fundraising efforts, and an operating endowment will assist the University with costs associated marketing, fundraising, administrative support and audience services. In addition, the University anticipates synergies with existing University administrative departments can be fully developed in this regard.
Will bond monies be used?
No bond resources are anticipated for the construction
of the Green Music Center (see list above).
Information is regarding the bond-financed parking expansion project mandated by enrollment growth can be found at the following locations:
http://www.calstate.edu/BOT/Agendas/May01/Finance.pdf
http://www.calstate.edu/BOT/Resolutions/May2001.pdf
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The Green Music Center web site is at http://musiccenter.sonoma.edu/
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